Stevens Capital Management LP decreased its position in shares of Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) by 37.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 18,541 shares of the company’s stock after selling 11,190 shares during the quarter. Stevens Capital Management LP’s holdings in Shaw Communications were worth $427,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Advisor Group Inc. grew its stake in shares of Shaw Communications by 170.3% during the 2nd quarter. Advisor Group Inc. now owns 4,687 shares of the company’s stock worth $101,000 after acquiring an additional 2,953 shares during the period. US Bancorp DE grew its stake in shares of Shaw Communications by 14.6% during the 2nd quarter. US Bancorp DE now owns 9,921 shares of the company’s stock worth $217,000 after acquiring an additional 1,267 shares during the period. Wetherby Asset Management Inc. grew its stake in shares of Shaw Communications by 4.4% during the 2nd quarter. Wetherby Asset Management Inc. now owns 10,332 shares of the company’s stock worth $225,000 after acquiring an additional 439 shares during the period. Ameriprise Financial Inc. bought a new position in shares of Shaw Communications during the 2nd quarter worth $252,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of Shaw Communications by 4.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 12,888 shares of the company’s stock worth $281,000 after acquiring an additional 516 shares during the period. Institutional investors own 51.21% of the company’s stock.
Shaw Communications Inc. (SJR) opened at $22.18 on Friday. Shaw Communications Inc. has a 12 month low of $19.29 and a 12 month high of $23.31. The company has a quick ratio of 0.72, a current ratio of 0.80 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $10,521.11, a PE ratio of 26.09, a price-to-earnings-growth ratio of 4.22 and a beta of 0.97.
The business also recently announced a monthly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Thursday, February 15th will be paid a $0.0781 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $0.94 annualized dividend and a yield of 4.22%. Shaw Communications’s dividend payout ratio is currently 69.17%.
Several research analysts have recently weighed in on SJR shares. Scotiabank downgraded Shaw Communications from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th. Zacks Investment Research downgraded Shaw Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. TheStreet upgraded Shaw Communications from a “c” rating to a “b-” rating in a research note on Monday, October 30th. Barclays PLC raised their target price on Shaw Communications from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday, October 27th. Finally, BidaskClub upgraded Shaw Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $27.00.
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Shaw Communications Profile
Shaw Communications Inc (Shaw) is a diversified connectivity provider. The Company operates through four divisions: Consumer, Wireless, Business Network Services and Business Infrastructure Services. Under the Consumer division, the Company offers Cable telecommunications and Satellite video services to residential customers.
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